by Mike Duff | Nov 4, 2021 | Retail Articles
As consumers changed their shopping patterns in a market less threatened by COVID-19, Wayfair took a step back in both revenues and earnings during the third quarter, although profits did beat a Wall Street estimate. Net loss was $78 million, or 75 cents per diluted...
by Mike Duff | Nov 4, 2021 | Retail Articles
In the third quarter, Qurate suffered from declining consumer visits, as bricks and retail store openings tempted them back to physical store visits, and supply chain constraints, the company reported. Qurate posted net income of $127 million, or 31 cents per share,...
by Mike Duff | Nov 3, 2021 | Featured News, Retail Articles
In the second quarter, Container Store beat a Wall Street estimate as sales and earnings rose versus the 2020 and 2019 periods. Net income was $27.2 million in the quarter compared to $20.2 million in the 2020 period, while earnings per share were 54 cents compared to...
by Mike Duff | Nov 1, 2021 | Retail Articles
In a changing shopping world, Walmart is using technology in its holiday outreach to consumers, one that even uses facial expressions to facilitate browsing for purchases and gifts, Kara Rousseau, vp/marketing, Walmart Connect, revealed in a blog post. The Facebook...
by Mike Duff | Oct 27, 2021 | Featured News, Retail Articles
Despite headwinds including supply chain challenges, labor shortages and inflation, National Retail Federation president Matthew Shay said in a press event introducing the NRF holiday forecast that “very, very strong” momentum based on consumer spending has the...
